Novanta CAO exercises RSUs, withholds shares for taxes
Novanta Inc. chief accounting officer John Joseph Burke II reported routine equity award activity.
Rhea-AI Filing Summary
Novanta Inc. chief accounting officer John Joseph Burke II reported routine equity award activity. He exercised 479 Restricted Stock Units, each converting into one common share, and received 479 common shares at a stated price of $0.0000 per share. Following this derivative exercise, his direct common stock holdings increased to 9,041 shares, before a separate tax-related transaction.
On the same date, Burke disposed of 141 common shares at $137.44 per share in a transaction coded "F," which represents shares withheld or delivered to cover tax liabilities associated with the award. After this tax-withholding disposition, his directly owned common shares totaled 8,900.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 479 | $0.00 | $0.00 |
| Exercise | Common Stock | 479 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 141 | $137.44 | $19K |
Footnotes (2)
- F1. Each Restricted Stock Unit represents the right to receive one Novanta Inc. common share upon vesting of such Restricted Stock Unit.
- F2. On February 24, 2023, the reporting person was granted restricted stock units, vesting in three equal installments beginning on the first anniversary of the grant date.
FAQ
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What insider transactions did NOVANTA INC (NOVT) report for John Joseph Burke II?
How do Novanta (NOVT) Restricted Stock Units work in this executive’s compensation?
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